Patient Monitor Systems to Contribute Large Share to Critical Care Equipment Market during 2020-2027
According to the latest study on “Critical Care Equipment Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Product, Application, and End User,” the market was valued at US$ 21,682.65 million in 2019 and is projected to reach US$ 47,171.42 million by 2027; it is expected to grow at a CAGR of 9.5% during 2020-2027. The report highlights the trends prevailing in the global critical care equipment market, and drivers and deterrents pertaining to the market growth.
Based on product, the critical care equipment market is segmented into patient monitor systems, ventilators, infusion pumps, and others. In 2019, the patient monitor systems segment accounted for a larger share of the market. The growth of the segment is attributed to rising number of launches of these products.
Growing number of ICU beds in countries with high prevalence of COVID-19 and increasing demand for ventilators for the effective management of critical COVID-19 patients are driving the growth of the critical care equipment market. However, the disruption of supply chain and logistics due to the rapid spread of COVID-19 can impede the market growth. Further, the technological innovations in critical care equipment offer significant opportunities for the growth of the global critical care equipment market.
General Electric Company, Medtronic, B. Braun Melsungen AG, Baxter International Inc., Koninklijke Philips N.V., Getinge AB, Hamilton Medical, Löwenstein Medical UK Ltd., Dragerwerk AG & Co. KGaA, Nihon Kohden Corporation, Fisher & Paykel Healthcare Limited., Shenzhen Mindray Biomedical Electronics Co., Ltd, BPL (BPL Medical Technologies), Trivitron Healthcare, Skanray Technologies Pvt Ltd, and Asahi Kasei Corporation are among the prominent players in the critical care equipment market. These companies are focused on partnerships, product launches, collaborations, and other business strategies to sustain their position in the market. For instance, in February 2019, Medtronic plc partnered with Foxconn Industrial Internet, a business group within Foxconn Technology Group (Foxconn), and completed regulatory and quality requirements needed to start manufacturing of Medtronic Puritan Bennett 560 (PB560) ventilators for Medtronic in the US. Medtronic and Foxconn are planning to produce 10,000 PB560 ventilators over the coming years, and the ventilators would be marketed and sold by Medtronic.
The report segments the global critical care equipment market as follows:
By Product
By Application
By End User
By Geography
North America
Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
Reasons to Buy
According to the latest study on “Critical Care Equipment Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Product, Application, and End User,” the market was valued at US$ 21,682.65 million in 2019 and is projected to reach US$ 47,171.42 million by 2027; it is expected to grow at a CAGR of 9.5% during 2020-2027. The report highlights the trends prevailing in the global critical care equipment market, and drivers and deterrents pertaining to the market growth.
Based on product, the critical care equipment market is segmented into patient monitor systems, ventilators, infusion pumps, and others. In 2019, the patient monitor systems segment accounted for a larger share of the market. The growth of the segment is attributed to rising number of launches of these products.
Growing number of ICU beds in countries with high prevalence of COVID-19 and increasing demand for ventilators for the effective management of critical COVID-19 patients are driving the growth of the critical care equipment market. However, the disruption of supply chain and logistics due to the rapid spread of COVID-19 can impede the market growth. Further, the technological innovations in critical care equipment offer significant opportunities for the growth of the global critical care equipment market.
General Electric Company, Medtronic, B. Braun Melsungen AG, Baxter International Inc., Koninklijke Philips N.V., Getinge AB, Hamilton Medical, Löwenstein Medical UK Ltd., Dragerwerk AG & Co. KGaA, Nihon Kohden Corporation, Fisher & Paykel Healthcare Limited., Shenzhen Mindray Biomedical Electronics Co., Ltd, BPL (BPL Medical Technologies), Trivitron Healthcare, Skanray Technologies Pvt Ltd, and Asahi Kasei Corporation are among the prominent players in the critical care equipment market. These companies are focused on partnerships, product launches, collaborations, and other business strategies to sustain their position in the market. For instance, in February 2019, Medtronic plc partnered with Foxconn Industrial Internet, a business group within Foxconn Technology Group (Foxconn), and completed regulatory and quality requirements needed to start manufacturing of Medtronic Puritan Bennett 560 (PB560) ventilators for Medtronic in the US. Medtronic and Foxconn are planning to produce 10,000 PB560 ventilators over the coming years, and the ventilators would be marketed and sold by Medtronic.
The report segments the global critical care equipment market as follows:
By Product
- Patient Monitor Systems
- Ventilators
- Invasive Ventilators
- Noninvasive Ventilators
- Infusion Pumps
- Others
By Application
- Cardiology
- Pulmonology
- Neurology
- Orthopedic
- Others
By End User
- Hospitals
- Ambulatory Care Centers
- Home Care
- Others
By Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Russia
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- South and Central America (SCAM)
- Brazil
- Argentina
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the critical care equipment market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global critical care equipment market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. Critical Care Equipment Market - Market Landscape
5. Critical Care Equipment Market - Key Market Dynamics
6. Critical Care Equipment Market- Global Analysis
7. Critical Care Equipment market Analysis - By Product
8. Critical Care Equipment market Analysis - By Application
9. Critical Care Equipment market Analysis - By End User
10. Critical Care Equipment Market Analysis And Forecasts To 2027 - Geographical Analysis
11. Impact of COVID-19 Pandemic on Global Critical Care Equipment Market
12. Critical Care Equipment Market- Industry Landscape
13. Company Profiles
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- General Electric Company
- Medtronic
- B. Braun Melsungen AG
- Baxter International Inc.
- Koninklijke Philips N.V.
- Getinge AB
- Hamilton Medical
- Löwenstein Medical UK Ltd.
- Dragerwerk AG & Co. KGaA
- Nihon Kohden Corporation
- Fisher & Paykel Healthcare Limited.
- Shenzhen Mindray Biomedical Electronics Co., Ltd.
- BPL
- Trivitron Healthcare
- Skanray Technologies Pvt Ltd
- Asahi Kasei Corporation
